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Income Tax Act 2007

Avoidance and non-market transactions - Avoidance: specific - Arrangements involving residential land

GB 53B: Interposed residential property percentage: increases or decreases in value

You could also call this:

“A law about how property value changes affect tax has been cancelled.”

When you look at a law called the Income Tax Act 2007, there is a part that was called Interposed residential property percentage: increases or decreases in value. This part was repealed, which means it is no longer a law, on 1 April 2025. It was repealed by section 80 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024, which you can find on the legislation.govt.nz website.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS684939.

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"Special rules for trusts that own residential land and make certain changes"

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"Old law about lending money at a lower rate is no longer in use."

Part G Avoidance and non-market transactions
Avoidance: specific: Arrangements involving residential land

GB 53BInterposed residential property percentage: increases or decreases in value (Repealed)

    Notes
    • Section GB 53B: repealed, on , by section 80 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).